Microsoft (MSFT) announced a range of new AI products and updates on Tuesday as part of its annual Inspire conference. The biggest news comes in the form of Microsoft’s new Bing Chat Enterprise.
The software is designed to address the problems companies have when using generative AI products such as Bing in corporate environments. Many major companies, including Apple (AAPL) and Samsung, have banned the use of generative AI bots because they can collect data entered into their software and learn from it.
The concern is that employees could enter sensitive information into the chatbot and that information could be leaked to the public. To assuage customers’ concerns, Microsoft says that Bing Chat Enterprise does not store chat sessions and that no one within the company can see user information. Additionally, Microsoft says it will never use chat data to train Bing’s AI models.
The company markets it as a way for customers to use Bing Chat without worrying about exposing sensitive data to the open web.
In addition to Bing Chat Enterprise, Microsoft has announced that Microsoft 365 Copilot, which is now in early access, will also be officially priced at $30 per user per month. With this software, enterprise customers will be able to access their data through his Microsoft’s generative AI capabilities. Users can not only access Bing AI web search, but also request information on spreadsheets, summarize meetings, and more.
Microsoft previously launched an “Azure AI Studio” that allows companies to create their own AI-powered co-pilots, apps that combine corporate data with Microsoft’s AI capabilities to complete a variety of tasks. .
For example, a company with many different medical plans can create a copilot that makes it easy for employees to find the plan that’s right for them. So, if an employee needs insurance to cover their glasses, they can use the co-pilot to search for insurance using natural language instead of having to navigate through pages of irrelevant information.
Microsoft is in a fierce race with rival Alphabet (GOOG, GOOGL) to determine which tech giant will be the ultimate AI powerhouse. Alphabet has been leading the way for years thanks to the company’s DeepMind and Google Research efforts. The company merged the two companies in his April to form Google DeepMind.
But Microsoft stole much of Google’s thunder thanks to years of multi-billion dollar investments in OpenAI. Microsoft has used his OpenAI technology to power its own products, from Bing to the Edge browser and more.
But Google has fought back, launching its own generative AI chatbot called Bard and Search Generative Experience, an experimental version of the search engine that provides generative AI responses to user queries. Google has also entered the enterprise space, adding generative AI capabilities to its Google Workspace suite.
Daniel Howley Technical editor at Yahoo Finance. He has covered the tech industry since his 2011. You can follow him on Twitter. @Daniel Howley.
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